What is the best bank in Spain?

Is there free banking in Spain?

Choosing a bank in Spain

There are a number of things you might want to consider, such as: costs – not many bank accounts in Spain are completely free but basic current accounts are usually low-cost.

Which is the best bank to use in Spain?

Top 6 best banks for expats in Spain

  • Wise. Wise is a great online option that is ideal not just for people looking to bank in Spain but in many other parts of the world including Europe and the USA. …
  • N26. …
  • Banco Santander. …
  • BBVA. …
  • CaixaBank. …
  • Banco de Sabadell.

What is the safest bank in Spain?

Banco Santander

Santander operates a network of around 12,000 branches worldwide including 3,200 branches in Spain. The company is the safest bank in Spain according to Global Finance.

Which banks dont charge ATM fees in Spain?

Here are the ranges for each bank:

  • Kutxabank: no fees.
  • Banca March: no fees.
  • Deutsche Bank: no fees.
  • ING: no fees.
  • Bilbao Bizkaia Kutxa (BBK): no fees.
  • Unicaja Banco: no fees.
  • Eurocaja Rural: no fees.
  • iberCaja: no fees – €1.75.
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How can you avoid bank charges in Spain?

The only way to avoid this charge is to meet the criteria of a ‘loyal’ and active customer. This means that you should: Have a salary of pension of at least €600 a month deposited into your account OR. have at least €20,000 in investment funds, pension plans or other financial products secured with the bank.

Is Santander a good bank in Spain?

Another great bank that provides the best service possible is Santander bank. Besides offering great bank accounts in Spain, it is also considered one of the best known throughout the spanish banking system. Their solutions and services are easy to use so that transactions run smoothly.

Is it easy to change bank accounts in Spain?

The transfer of accounts between banks in Spain takes at least 15 business days from the application date (this includes the period for every account holder to sign). … Some deposits, such as a pension or paycheck, can take up to 2 months to change accounts.

What do I need to open bank account in Spain?

In order to open a bank account in Spain, you’ll need the following documents to hand¹:

  1. A valid passport or other acceptable proof of identity.
  2. Proof of address.
  3. Proof of your employment status – such as an employment contract signed by your employer. …
  4. Spanish foreigner identification number (NIE) and certificate.

Do Spanish banks do credit checks?

On the other hand there’s the Bank of Spain’s Risk Information Centre Report, known as CIRBE. All banks will check if you’re on a debtor list and will also request a CIRBE report before agreeing to allow you credit. … If you have a credit card then this may also be included in the report.

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Is my money safe in a Spanish bank account?

How Safe Is Your Money? The Spanish Deposit Guarantee Fund guarantees 100,000€ per account holder per bank. However just because a bank is located in Spain doesn’t mean it’s included in this scheme. Other EU banks are normally covered by their respective country.

Which Spanish bank accounts are free of charges?

Credit and debit cards

  • N26.
  • Revolut.
  • Wise Borderless.
  • BBVA.
  • Self Bank.
  • Open Bank.
  • Banc Sabadell.
  • ING Direct.

What American banks are in Spain?

us bank Madrid, Spain

  • Bank Of America Na Sucursal En España. 1.9 mi. Banks & Credit Unions. …
  • BBVA. 1.0 mi. Banks & Credit Unions. …
  • Bankia. 4.9 mi. Banks & Credit Unions. …
  • Santander. 0.4 mi. Banks & Credit Unions. …
  • Caixa D’estalvis I Pensions. 0.6 mi. Banks & Credit Unions. …
  • HSBC Bank. 2.0 mi. …
  • ING Direct. 0.7 mi. …
  • Caja Madrid. 0.5 mi.